Yemeni Houthis Attack Saudi Oil Facilities

published:15/09/2019 04:47 GMT

Yemen’s Houthi group said it attacked two plants at the heart of Saudi Arabia’s oil industry on Saturday, knocking out more than half the Kingdom’s output, in a move expected to send oil prices soaring and increase tensions in the Middle East. The attacks will cut the kingdom’s output by 5.7 million barrels per day (bpd), according to a statement from state-run oil company Saudi Aramco, or more than 5% of global oil supply. The pre-dawn strikes follow earlier cross-border attacks on Saudi oil...More